Cold Storage Warehouse Market – Cold storage warehouse is a place where goods at kept at a certain temperature to maintain quality.
- Cold storage warehouse are used to store perishable items, such as fruits, vegetables, meat, seafood, and dairy products, at a desired temperature to maintain the quality of the product for a long time.
- Cold storages plays a critical part in the supply chain that ships groceries, medicines, and other temperature-sensitive products. High initial investment is required to set up a cold storage unit.
- It requires facilities, such as dock-to-stock process (using temperature control docks to move inventory quickly and safely), systems to control humidity and moisture, calculate guaranteed inventory counts, and contingency plans in case of any disaster.
- Cold storage warehouse can be in variety of places. A manufacturer may have a private cold storage facility to warehouse products before sending them to end consumers.
- End-users (for instance, hotels) may have cold storage facilities to store temperature-controlled products after receiving from suppliers. Moreover, cold storage is outsourced to third party logistic provider (3PL) where products stay until they are ready to be shipped to end-users.
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Rise in Online Grocery Shopping to Drive the Global Cold Storage Warehouse Market
- Increase in online grocery purchasing trend globally is anticipated to boost the demand for cold storage warehouses. With the advent of several online grocery shopping service providers, such as Walmart, Amazon, Kroger, and Target Corporation, the demand for cold storage warehouses is anticipated to increase.
- These companies serve as a link between grocery sellers and end consumers, and require cold storage units to stock substantial amount of food products. Thus, with rapid urbanization, the demand for online grocery shopping is likely to increase, which, in turn, will fuel the demand for cold storage warehouses.
Diverse Cooling Requirements and High Initial Investments to Hamper Cold Storage Warehouse Market
- One of the major concerns associated with cold storage warehouses is varied cooling requirements as per different inventory products. Different products have different shelf life and require diverse cooling temperatures to maintain suitable quality. Managing such a diverse product portfolio is a task.
- Additionally, high initial investments and maintenance cost associated with cold storage warehouse restricts the growth of the cold storage warehouse market. Cold storage warehouses requires ammonia, refrigeration, piping systems, and HVAC systems, among others that require high initial investment.
- Cold storage facilities with average cost per square foot range between US$ 80 and US$ 120 based on different markets. Furthermore, high rental cost associated with cold storage facilities also hamper market growth.
Key Players Operating in the Cold Storage Warehouse Market:
The Cold Storage Warehouse market is competitive with several global and regional players. Major players are adopting various strategies, such as regional expansion to enhance their position in the market.
Companies are focusing on increasing awareness about eco-friendly and zero waste products. Companies are expanding their business across different region to cater to the demand of consumers. The company focuses on emerging markets to expand its customer base. A few of the key players operating in the global Cold Storage Warehouse market are:
- LINEAGE LOGISTICS HOLDING, LLC.
- AmeriCold Logistics LLC
- United States Cold Storage
- DHL International GmbH
- XPO Logistics, Inc.
- VersaCold Logistics Services
- Tippmann Group (Interstate Warehousing)
- GEODIS
- NFI Industries
- Penske Logistics, Inc.
Global Cold Storage Warehouse Market: Research Scope
Global Cold Storage Warehouse Market, by Type
- Private & Semi-private
- Public
Global Cold Storage Warehouse Market, by Construction Type
- Bulk Storage
- Production Stores
- Ports
Global Cold Storage Warehouse Market, by Construction Type
- Food
- Fruits & Vegetables
- Dairy Products
- Fish, Meat & Seafood
- Processed Foods
- Textiles
- Pharmaceuticals
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The report on the global Cold Storage Warehouse market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
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